$HVN Case Study

20170913-001608-8vhdkaq6

On Aug 29, HVN broke out of a weekly range. Volume was lower than previous days but still significant. EMAs were lining up but MAs weren’t yet. Weekly RSI was 60.

Buy on Aug 29 high of 17.30. Risk 6.5%

Buy to add on Sep 7 wedge breakout on good volume.

Set tight stops on prev day low or opening low.

Return from 20.20 is 17%, while return from 18.9 is 9%.

Better to take it when gain is near 3R.

 

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